Conagra Brands (NYSE:CAG) Releases FY 2026 Earnings Guidance

Key Points

• Conagra Brands has provided its FY 2026 earnings guidance with an expected EPS range of $1.700-$1.850, compared to a consensus estimate of $1.760.
• The company recently announced a quarterly dividend of $0.35 per share, resulting in an annualized dividend yield of 7.7%.
• Analyst ratings reflect a mixed view, with one Strong Buy, one Buy, nine Hold, and two Sell ratings, leading to an average consensus price target of $21.83.

Conagra Brands (NYSE:CAG - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.700-1.85 for the period, compared to the consensus EPS estimate of 1.760. The company issued revenue guidance of -.

Conagra Brands Price Performance

NYSE CAG opened at $18.29 on Wednesday. The stock has a 50-day simple moving average of $18.98 and a 200 day simple moving average of $21.71. Conagra Brands has a twelve month low of $17.89 and a twelve month high of $32.90. The stock has a market capitalization of $8.76 billion, a PE ratio of 7.65, a P/E/G ratio of 1.73 and a beta of 0.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.24 and a current ratio of 0.71.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings data on Thursday, July 10th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.05). Conagra Brands had a net margin of 9.92% and a return on equity of 12.52%. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The firm's revenue was down 4.3% compared to the same quarter last year. Research analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.7%. Conagra Brands's dividend payout ratio is currently 58.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada decreased their target price on Conagra Brands from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Friday, July 11th. Evercore ISI reduced their price objective on Conagra Brands from $24.00 to $23.00 and set an "in-line" rating for the company in a research report on Wednesday, September 24th. Wells Fargo & Company lowered their price objective on Conagra Brands from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. The Goldman Sachs Group cut Conagra Brands from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $26.00 to $21.00 in a research report on Monday, June 9th. Finally, UBS Group lowered their price target on shares of Conagra Brands from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.83.

Hedge Funds Weigh In On Conagra Brands

Several institutional investors have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in Conagra Brands in the second quarter valued at about $26,000. MUFG Securities EMEA plc bought a new position in shares of Conagra Brands in the second quarter valued at approximately $29,000. United Services Automobile Association acquired a new position in shares of Conagra Brands in the 1st quarter worth approximately $225,000. HUB Investment Partners LLC bought a new stake in Conagra Brands during the 2nd quarter worth approximately $236,000. Finally, Armistice Capital LLC acquired a new stake in Conagra Brands during the 2nd quarter valued at $277,000. 83.75% of the stock is owned by institutional investors.

About Conagra Brands

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.

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